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Beneficial ownership registry concept is flawed
The chief executive of Cayman Finance, the organisation representing the financial services industry in the Cayman Islands, has questioned the logic and potential effectiveness of the planned implementation of a public central registry of beneficial ownership by the UK Government.
Cayman leads the way for deal making
The Cayman Islands was the most used jurisdiction for offshore deal making in the first quarter of 2014, accounting for roughly a third of the total volume and value of deals that took place across offshore jurisdictions.
Kinetic Partners promotes Cayman insolvency specialist
Financial services advisory firm Kinetic Partners has made promotions across its global teams including one staff member based in the Cayman Islands.
AIMA appoints three to its global council
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has appointed three new directors to its global council, its governing body.
FATF methodology could discriminate against Cayman
The methodology used by the Financial Action Task Force (FATF) in its peer review process has the potential to discriminate towards the Cayman Islands because the methodology is much more subjective than it was in the past.
Financial centres survey ranks Cayman highly
The latest survey published by the Global Financial Centres Index has again established Cayman’s strong presence among the world’s top ranking offshore financial centres.
Mitsubishi UFJ acquires Meridian Fund Services
Mitsubishi UFJ Fund Services, a global asset administrator, has acquired Meridian Fund Services Group, a fund administrator with $14 billion of assets under administration. Both firms have a presence in the Cayman Islands.
AIMA reveals new CEO
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced that Jack Inglis will take over as CEO of the organisation on February 1, 2014.
FSB praises Cayman Islands’ regulatory regime
The Financial Stability Board (FSB), the body established to coordinate the work of national financial authorities and international standard setting bodies in the interest of financial stability, has confirmed its designation of the Cayman Islands as a jurisdiction which demonstrates sufficiently strong adherence to international standards on cooperation and information exchange.
Ogier appoints partner to funds team
Law firm Ogier has appointed a new partner into its Cayman Islands Corporate and Funds team.
